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BUY 1.03900 | STOP 1.03400 | TAKE 1.04400 | The EURUSD pair shows a slight decline, developing the "bearish" impulse formed the day before. The instrument is again testing the 1.04000 mark for a downward breakout. We also expect a correctional exit upward to 1.04400. Market activity, as well as trading volumes, are gradually decreasing. Investors prefer to take a wait-and-see position.
Consolidation near breakout. How is this gonna perform if we have a Santa clause rally from today
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Well, we have a weekly timeframe where in order to reach its historical high and that green box, this red line area must be broken. This area is also very powerful. In the short term, we have a green box that can enter these areas as long as it is not broken, but if it is broken, we have the first step of the blue lines.
Nifty will come down upto 23400 to 23300 range. After that it will be bullish.
Hello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
Keep the stock in radar and also use feature of trading view by creating alert channels. A good retest and again bouncing back can show a good rally.
The stock is at a very strong support level with a high probability of bouncing back. This could be an excellent opportunity for a long trade.